The Goodyear Tire & Rubber Company has launched a new venture capital fund, Goodyear Ventures, with USD100 million targeted for new investments in future mobility solutions over the next 10 years.
Launches & Fundraising
EV Growth, a Singapore headquartered venture capital firm, has hit the hard cap of its first fund at USD250 million, exceeding the firm’s initial USD150 million target.
Graycliff Partners has held the final closing of the firm’s fourth private equity fund, Graycliff Private Equity Partners IV LP (GPEP IV). The oversubscribed fund closed at its hard cap of USD350 million in limited partner commitments.
Adams Street Partners, a private markets investment management firm with USD40 billion of assets under management, has held the final closing of the Adams Street 2019 Partnership Fund Program at approximately USD740 million in capital commitments.
Värde Partners, a global alternative investment firm, has raised its 13th flagship vehicle, Värde Fund XIII, with USD2.47 billion in commitments.
Fondo Agroalimentare Italiano (FAI) has held its final close with commitments of EUR55 million. Sponsored by Unigrains, the Fund’s subscribers include French, Italian and Swiss institutional investors and family offices as well as several Italian entrepreneurs.
Kempen Capital Management has held the final close of the Kempen European Private Equity Fund, at EUR192.5 million in committed capital, bringing the fund to its maximum capacity.
Macfarlanes has advised Muzinich & Co, the corporate credit management specialist, on a leverage facility for its first European Long-Term Investment Fund (ELTIF), Muzinich Firstlight Middle Market ELTIF.
The CapStreet Group (CapStreet), a Houston, Texas based private equity firm that invests in privately held, lower middle-market companies, has held the final closing of CapStreet V, at its hard cap, with total commitments of USD500 million.
Omega Funds, an international investment firm focused on delivering impactful medicines to patients, has closed Omega Fund VI with USD438 million in capital commitments.